Pepe vs Shiba Inu: Which Ethereum Memecoin To Buy Before Halving?

#bitcoinhalving #BinanceLaunchpool #Memecoins #WIF #SHIB As the crypto community prepares for the fourth Bitcoin halving on February 20, 2024, the question of which Ethereum-based meme coin—Pepe Coin or Shiba Inu—to invest in becomes a significant topic of discussion.

PEPE vs Shiba Inu: Price Market Performance

Pepe and Shiba Inu are two popular digital currencies that have attracted a lot of interest in the cryptocurrency market. Despite their similarities as memecoins, they exhibit differences in their price market performance and metrics.

SHIB boasts of a market cap of $13.23 billion, earning its position as the 12th largest cryptocurrency by market cap. In contracts, PEPE has a market capitalization of $2.23 billion, securing the 47th position, among the top 50 cryptocurrencies. This shows that Shiba Inu has a significantly greater market presence than PEPE.

PEPE saw a 4.21% rise in price daily and a 24.87% increase weekly, yet encountered a significant 31.33% decline in the past month. On the other hand, Shiba Inu experienced a less significant daily gain of 2.87% and a monthly decline of 10%. SHIB’s weekly decrease was also 18.86%. This implies that although PEPE has faced substantial short-term fluctuations, its long-term results have been more inconsistent.

In comparing the technical analysis of Pepe Coin and Shiba Inu, we observe distinct trends and patterns in terms of moving averages, oscillators, MACD, RSI, and Fibonacci support and resistance levels.

Beginning with the moving averages, both Pepe Coin and Shiba Inu are showing decreasing patterns in their short-term signals. The 10-day exponential moving average (EMA) for Pepe Coin is 0.000005928279, while the simple moving average (SMA) is 0.000006150416. Shiba Inu has a 10-day EMA of 0.00002415 and an SMA of 0.00002476. Both sets of data indicate a bearish signal since the current prices fall below the short-term averages. In addition, the 100-day and 200-day EMAs and SMAs suggest a possible change in trend.